STOCK TITAN

Albert Wong discloses 39.9% stake in Eastern International (ELOG)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Eastern International Ltd. insider Albert Wong and Eastern Worldwide Logistics Group Inc. jointly report a large ownership position in the company’s ordinary shares. Mr. Wong beneficially owns approximately 39.9% of the ordinary share class, assuming conversion of 1,000,000 preferred shares into 1,000,000 ordinary shares, based on 12,457,000 ordinary shares outstanding as of April 1, 2026.

Through Eastern Worldwide Logistics Group Inc., which is 70% owned and directed by Mr. Wong, he controls 4,266,000 ordinary shares, or about 34.2% of the outstanding ordinary shares. Mr. Wong also received a stock award of 180,000 ordinary shares on March 31, 2026, which vested immediately under the company’s 2025 Omnibus Equity Plan. Each preferred share carries 10 votes and is convertible into one ordinary share at the holder’s option, giving Mr. Wong significant voting control.

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Insights

Albert Wong’s disclosed 39.9% stake and super-voting preferred shares signal concentrated control at Eastern International.

The filing shows Albert Wong, the CEO and Chairman, beneficially owning about 39.9% of Eastern International’s ordinary share class when his 1,000,000 preferred shares are treated as convertible. Those preferred shares each carry 10 votes, giving him substantial influence over shareholder decisions.

Eastern Worldwide Logistics Group Inc., 70% owned and directed by Mr. Wong, holds 4,266,000 ordinary shares, or roughly 34.2% of the outstanding ordinary shares as of April 1, 2026. The additional grant of 180,000 ordinary shares on March 31, 2026 under the 2025 Omnibus Equity Plan modestly increases his direct equity stake while reinforcing his role as a controlling insider.

Beneficial ownership 39.9% of ordinary share class Albert Wong’s stake assuming conversion of 1,000,000 preferred shares
Ordinary shares outstanding 12,457,000 shares Issued and outstanding as of April 1, 2026
Eastern Worldwide holdings 4,266,000 ordinary shares Approximately 34.2% of outstanding ordinary shares
Preferred shares held by Wong 1,000,000 preferred shares Each preferred share has 10 votes and is convertible 1:1
Stock award to Wong 180,000 ordinary shares Granted and vested on March 31, 2026 under 2025 Omnibus Equity Plan
Voting power (Wong) 14,446,000 votes Includes ordinary and 10-vote preferred shares as reported in sole voting power
Schedule 13D regulatory
"This is being filed jointly by Albert Wong and Eastern Worldwide Logistics Group Inc."
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,446,000.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
preferred shares financial
"Mr. Albert Wong also owns all of the 1,000,000 outstanding preferred shares of the Issuer."
Preferred shares are a type of investment that gives investors priority over common shareholders when it comes to receiving dividends and getting their money back if a company is sold or liquidated. Think of them as a safer, more predictable way to earn income from a company's profits, similar to a fixed-return investment, but without voting rights. This makes preferred shares appealing to those seeking stable income with a higher claim on assets than regular stockholders.
Omnibus Equity Plan financial
"granted stock awards of 180,000 ordinary shares to Albert Wong, Chief Executive Officer and Chairman of the Board, pursuant to the Issuer's 2025 Omnibus Equity Plan."
An omnibus equity plan is a single company program that authorizes issuing various types of stock-based pay—such as options, restricted shares, and performance awards—to employees, officers and directors. It matters to investors because it shows how a company motivates and retains key people and also indicates the potential for share dilution; think of it as a common wallet the company can draw from to reward staff, which affects ownership and future earnings per share.
Unrestricted Stock Award Agreement financial
"the grantee also entered into an Unrestricted Stock Award Agreement with the Issuer on March 31, 2026."
sole voting power financial
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 14,446,000.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.





If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




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SCHEDULE 13D




Comment for Type of Reporting Person:
(1) the percentage ownership interest in row 13 is determined based on (i) a total of 12,457,000 ordinary shares of the Issuer outstanding as of April 1, 2026 and (ii) if the holder converts 1,000,000 preferred shares to 1,000,000 ordinary shares in 60 days; (2) Mr. Albert Wong, Chairman of the Board and Chief Executive Officer of the Issuer, is a 70% shareholder and director of Eastern Worldwide Logistics Group Inc. a Samoa company, which owns 4,266,000 ordinary shares of the Company. Mr. Albert Wong was granted stock award of 180,000 ordinary shares of the Company on March 31, 2026. Mr. Albert Wong also owns all of the 1,000,000 outstanding preferred shares of the Issuer. Each preferred share has 10 votes at general meetings of the shareholders of the Issuer as reflected in row 7 and each preferred share is convertible into one Ordinary Share at any time at the option of the holder.


SCHEDULE 13D




Comment for Type of Reporting Person:
Calculated based on a total of 12,457,000 issued and outstanding ordinary shares of the Issuer as of April 1, 2026, provided by the transfer agent of the Company.


SCHEDULE 13D


Albert Wong
Signature:/s/ Albert Wong
Name/Title:Albert Wong
Date:04/03/2026
Eastern Worldwide Logistics Group Inc.
Signature:/s/ Albert Wong
Name/Title:Albert Wong
Date:04/03/2026

FAQ

What ownership stake in Eastern International Ltd. (ELOG) does Albert Wong report?

Albert Wong reports beneficial ownership of about 39.9% of Eastern International’s ordinary share class. This percentage assumes his 1,000,000 preferred shares convert into 1,000,000 ordinary shares, and is calculated against 12,457,000 ordinary shares outstanding as of April 1, 2026.

How many Eastern International (ELOG) ordinary shares does Eastern Worldwide Logistics Group hold?

Eastern Worldwide Logistics Group Inc. holds 4,266,000 ordinary shares of Eastern International. This represents approximately 34.2% of the company’s outstanding ordinary shares, based on 12,457,000 issued and outstanding ordinary shares as of April 1, 2026, according to the transfer agent.

What special rights do Eastern International (ELOG) preferred shares held by Albert Wong have?

Albert Wong owns 1,000,000 preferred shares of Eastern International, each carrying 10 votes at shareholder meetings. Every preferred share is convertible into one ordinary share at any time at the holder’s option, significantly increasing his voting power relative to his economic stake.

What recent equity award did Albert Wong receive from Eastern International (ELOG)?

On March 31, 2026, Albert Wong received a stock award of 180,000 Eastern International ordinary shares. The grant was made under the company’s 2025 Omnibus Equity Plan, vested immediately on the grant date, and is documented in an Unrestricted Stock Award Agreement.

How is the 39.9% beneficial ownership figure for ELOG calculated in the filing?

The 39.9% beneficial ownership reflects 12,457,000 ordinary shares outstanding plus 1,000,000 ordinary shares issuable upon converting preferred shares. Using this combined base, Albert Wong’s holdings, including shares held through Eastern Worldwide Logistics Group Inc. and his preferred shares, total about 39.9% of the ordinary share class.

What is the relationship between Albert Wong and Eastern Worldwide Logistics Group Inc. in the ELOG filing?

Albert Wong owns 70% of Eastern Worldwide Logistics Group Inc. and serves as a director. Through this role, he has sole power to vote and dispose of the 4,266,000 Eastern International ordinary shares held by Eastern Worldwide, which are combined with his direct holdings for beneficial ownership reporting.